Tether's Fellowship PAC Finally Stops Lurking, Drops $300K on Bo Hines's Old Firm

Tether's freshly minted Fellowship PAC has apparently decided that lurking in the political shadows was getting boring. After months of mysterious silence that would make a DeFi rug pull blush, the committee finally opened its wallet — dropping a cool $300,000 just in time for the 2026 midterm pre-game show.

The cash went to Nxum Group, an advertising firm co-founded by Bo Hines — now running Tether US like it's his personal crypto kingdom — and his dad Todd Hines. The beneficiary? Georgia Republican Clay Fuller, who managed to win his special election to replace Marjorie Taylor Greene. Timing that precise usually only happens when you're coordinating with people who know where the bodies are buried.

Fellowship had been positioning itself as the crypto industry's next big campaign finance weapon since its announcement last year, complete with all the mysterious vibes of a隐秘钱包. The only problem? It hadn't actually spent a single satoshi until now. Everyone knew Tether was probably pulling the strings — the company just refused to confirm anything, maintaining the kind of silence that would make a Tornado Cash developer proud. That radio silence continued this week when the PAC ignored CoinDesk's questions about its formation, funding, or the payment that might conveniently benefit the Tether US CEO and his family members.

On April 1 — because nothing says "serious political organization" like filing paperwork on April Fool's Day — the PAC installed Tether US executive Jesse Spiro as its chairman. Days later, it quietly slipped its first expense report into the FEC's inbox, hoping nobody would notice.

Now here's the thing about setting up a super PAC and then paying your own people for "services": it's not technically illegal, assuming you're not wildly overpaying for work that didn't actually happen. It's basically the political equivalent of wash trading, except everyone's pretending it's